Common Mistake #2: ‘Not knowing the all-in cost of the “China price”’
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“The 10 most common mistakes made by foreign buyers in China”
Program will offer case studies and solutions relating to the following mistakes:
- Poorly defined specs
- Not knowing the all-in cost of the “China price”
- Failure to audit the factory/ Falling for the golden sample
- Failure to conduct due diligence and verify key information
- Who’s the project manager?
- Payments not liked to performance
- Leaky contracts
- Arm’s length buying
- Registering your intellectual property after you have been knocked off
- Not knowing which functions to outsource and which ones to keep in house
Hosted by Mike Bellamy (chairman of the China Sourcing Information Center) featuring a panel of veteran sourcing professionals.